Cohabitation Agreement: When One Person Owns The House
When an unmarried couple decides to live together, but only one partner owns the home, a cohabitation agreement is a crucial legal document that protects both parties.
How Much Does A Prenup Cost
While many people assume prenups are expensive, the reality is that costs can vary widely based on complexity, legal fees, and whether you use an online service like Jointly or hire a lawyer.
Prenuptial, Postnuptial, and Cohabitation Agreements – What’s the Difference?
Written agreements can play a helpful role in defining the rights and responsibilities of couples. The purpose of these agreements is to protect the financial interests of both partners and to plan for a fair division of property in case your relationship ends.
Navigating the Conversation: How to Discuss a Prenup or Cohabitation Agreement with Your Partner
Let’s be honest – starting the conversation about a relationship agreement with your partner can feel uncomfortable. However, it’s an important conversation that can lay the foundation for a secure future together. A relationship agreement is like insurance for your partnership – you hope you’ll never need it, but you’ll be glad it’s there if you do.
When am I common law?
Around certain milestones like moving in together or sharing an anniversary, many people start to wonder whether they are suddenly legally or financially intertwined with their partners under family law. For unmarried couples, this legal status is called “common-law”, and that status arises when a couple has been living together in a “marriage-like relationship” (a romantic relationship where you live together and share expenses and obligations) for a certain amount of time. The amount of time it takes to be considered common-law (and how being in a common-law relationship affects your rights) varies from province to province – we’ve set out a short note about the rules by province below.
I’m buying a house with my partner. Can we make a cohabitation agreement that is only about that?
In today’s real estate market, with soaring prices and fierce competition, purchasing a home has become more challenging and riskier than ever. The financial burden of homeownership extends far beyond the initial down payment and mortgage payments. Property taxes, maintenance costs, insurance, and unexpected repairs add to the overall expense, making it important for couples to carefully assess their financial readiness and make sure they’re on the same page before taking the plunge into homeownership.
What is family property?
When it comes to dividing assets during a separation or divorce, provincial legislation lays out what qualifies as family property. But what exactly does that entail? Let’s break it down in simple terms.
My partner and I don’t plan on getting married. Can we still get a prenup?
In Canada, a prenuptial agreement is specifically designed for couples who plan to get married. However, if you and your partner are not planning to get married but still want to establish legal and financial arrangements, you can make a cohabitation agreement.
When is the best time to get a relationship agreement?
The best time to get a relationship agreement varies from couple to couple and depends on individual circumstances. However, there are several situations where it might be particularly prudent or beneficial to consider obtaining a relationship agreement: